In article , Warren X
wrote:

A friend and I had the following debate when I said that I would one
day like to buy an $800K house, upgrading from my current $200K
condominium apartment, and I would like to hear more opinions on the
matter.

There really are only 2 issues to consider:

1) can you put down a $160,000 down payment (the normal 20%), or
at least $80K plus closing costs?

2) can you carry $4000 a month house payments for 30 years?

If you answer no to either of these questions, then everything
else is a moot point.

-john-

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John A. Weeks III 952-432-2708
Newave Communications http://www.johnweeks.com
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